Hyperliquid: New Wallet Opens 5x Long on 3,000 XMR

Lookonchain flagged a new wallet that deposited 4M USDC into Hyperliquid and immediately opened a 5x long on 3,000 XMR worth $1.77M.

XMR trades at $118.7 inside its 4-hour Bollinger Bands, with the upper band at $125.56 acting as near-term resistance and the lower band at $113.9 as support. The EMA50 at $123.34 and EMA200 at $138.48 define the bearish structure, while MACD at -2.04 confirms the death cross and RSI at 46.21 shows neutral momentum. Price testing the upper Bollinger band while the broader trend remains capped by the EMA50 suggests any push higher will likely meet selling into the 50-EMA before a deeper test of the lower band.